Figure Technology Solutions' stock surged 5.67% during intraday trading on Tuesday, driven by the company's exceptionally strong first-quarter 2026 financial results.
The blockchain-native capital marketplace reported a significant turnaround to profitability, with net income reaching $45.05 million compared to a loss in the same period last year. Revenue nearly doubled to $167.01 million, surpassing analyst expectations, while adjusted EBITDA nearly tripled year-over-year to $82.70 million.
A key growth driver was the Consumer Loan Marketplace, where volume more than doubled to $2.9 billion, supported by the addition of a record 80 new partners during the quarter. Management's strong forward guidance, projecting second-quarter volume of $3.8 billion to $4.1 billion, further bolstored investor confidence in the company's growth trajectory.